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By Michelle Pitcher –  Austin Business Journal

International homebuyers accounted for $4.9 billion in home sales in Texas between April 2020 and March 2021, making the state the third most popular destination for homebuyers from outside the U.S, according to a new report from Texas Realtors.Texas has held the No. 3 spot since 2018.Statewide, buyers from outside the U.S. bought almost 10,000 houses in the past year. Only Florida and California were more popular homebuying destinations.

Latin America and the Caribbean accounted for the lion’s share — 42% — of all international home purchases in Texas in the last year. Almost a third came from Asia. Texas was the most popular U.S. destination for homebuyers from Mexico and the second most popular destination for homebuyers from India.Texas has always been drawn international homebuyers, according to Texas Realtors Chairman Marvin Jolly.

Central Texas, in particular, is seeing its fair share of international buyers.

 

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Sairam Kota

Sairam is an experienced multifamily deal sponsor and asset manager for 738 units, a key principal in 332 units and limited partner in 1000 units. He has a strong experience in asset management, property reposition, income generation, implementing operational efficiencies and cost reduction. Sairam is a licensed Real Estate Broker in the state of Texas. He is a successful IT Consultant with 20+ years of experience in corporate America.